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| Euro Beats Dollar | ||
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Published 20030514 |
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In the fall of 2000 the dollar bought .82 euros (€)
, but now a dollars buys 1.15 euros. Consequently, U.S. exports
to Europe can have a competitive advantage with the decline of the
dollar and rise of the euro. The down side: imports from
Europe cost more, because the dollar buys less euros.
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